Best credit cards for cashback

These cards are attractive to customers who pay their bill in full each month.

CASH BACK CARDS

These cards, which refund a percentage of your monthly spend, are attractive to customers who never borrow, but pay their bill on time each month.

American Express usually has the best offer. Currently Platinum Cashback Amex has an introductory offer rebating 5pc of spend on the card up to £100 for the first three months. After that the cashback falls to 1.25pc. Next best was Capital One's World Mastercard offering 1pc cashback.

MBNA has just launched a Visa cashback refunding 1.25pc of your supermarket and petrol purchases and 0.5pc of other spend. It has also introduced an MBNA Amex cashback rebating 1.5pc of supermarket and petrol station bills, and 0.75pc on other. The rebate is credited to your account each January.

Owens said: "For a family, with big weekly supermarket shops, and who drive a lot, this will be an attractive deal. But for single people, who get the bus or train to work, there are better cards around."